Automotive industry research and developmentThe European automotive business invests €53.8 billion in R&D annually, a lot more than 5% of its total sector turnover. ICE powered cars consist of much more than 20,000 parts, although EVs feature only approx. 7,000 elements, what has enormous influence on adjustments in operations of the motor business and therefore sub-suppliers who are getting forced to switch to production that contributes to electrification of cars. It is production of parts and accessories that remains the backbone of the Polish motor sector with an employment level estimated at approx. 147,000 individuals.
Global sales of passenger vehicles are forecast to hit 78.6 million vehicles in 2017. Along with China, the United States is counted amongst the largest automobile markets worldwide, each in terms of production and sales. About six.9 million passenger cars have been sold to U.S. clients in 2016, and about 4 million automobiles have been created right here in the exact same year. The United States became a crucial automotive marketplace in the early 1900s, when Ford introduced assembly line automobile production to mass-manufacture its Model T. These days, the Ford Motor Company nevertheless ranks among the major companies of passenger automobiles, its most common passenger car model currently getting the Ford Focus, which was also a single of 2016’s best promoting light automobiles worldwide. In terms of income, Toyota, Volkswagen, and Daimler topped the list of significant automobile makers in 2016, although the automotive supplier market was dominated by Bosch, Continental, Denso and Magna.… READ MORE >>>